Compared to 2009 when the great recession ended in 2014 the

Question

Compared to 2009, when the Great Recession ended, in 2014 the U.S. Bureau of Labor Statistics reported that about about 10 million more people were on firms' payrolls (i.e., had a job). In reality, many more than 10 million jobs were created over those 5 years.

• True
• False

Which one of the following uses a "market basket" in its calculation?

• real GDP
• nominal GDP
• CPI
• core CPI
• GDP deflator